M.R. Maniveni Foods Shares Experience 4% Gain Following Market Debut on BSE SME Platform

M.R. Maniveni Foods Ltd Sees Share Price Rise After Weak Debut

M.R. Maniveni Foods Ltd shares experienced a significant surge of over 4 percent on the BSE SME platform on Monday, following a lackluster debut. The company listed at an 18.2 percent discount to its issue price, with the stock debuting at Rs 42.55 per share on the BSE, compared to its IPO price of Rs 52 per share.

The company's initial public offering (IPO) was priced in the range of Rs 51-52 per share, with a total value of Rs 27.04 crore. The IPO comprised a fresh issue of 52 lakh equity shares, with no offer-for-sale component. Despite the initial losses, buying interest emerged in the counter, and the stock recovered part of its losses, touching a high of Rs 44.66 per share, nearly 5 percent higher from its listing price.

M.R. Maniveni Foods Ltd is a company that has been in operation since 2010, focusing on the processing, packaging, and distribution of food products. The company primarily operates in the urad dal and toor dal segments, supplying its products mainly to business-to-business customers. As part of its commitment to maintaining product consistency and food safety standards, the company emphasizes quality control, modern processing techniques, and supply chain management.

Read also: SMR Jewels IPO Successfully Lists with Institutional Support

As of April 30, 2026, M.R. Maniveni Foods Ltd had a workforce of around 16 employees. The company's listing on the BSE SME platform marks an important milestone in its growth and development, and it will be interesting to see how the company performs in the coming months.